Sponsorship is actually marketing. Sponsorship is companies paying to get visibility at your event
How did we do it?
- We got clear on who would be in attendance at our event. This was a first time event and although we couldn’t guarantee attendance (and let’s not forget a festival in the middle of a global pandemic) we could be very confident on who was going to be there, specifically what type of people would be Interested in buying tickets to our event.
- As part of our event, because of an agreement we had with our municipality, we were providing free advertising on our event app to all local businesses. In reaching out about the free advertising we were very clear on who our target market was on this event and asked straight up “if this is also your target market and you’d like to get in front of our attendees in a big way, reach out…” Sponsorship is often misunderstood as “charity” or “just helping out” an event. Sponsorship is actually marketing. Sponsorship is companies paying to get visibility at your event so that your mutual target market can see them. Once the companies realized that our target markets were a match, the phone started to ring.
- When the potential sponsors reached out the next step was to have a phone call with each one. Making time for a one on one call with each sponsor is key to this strategy being a success. On the call I asked questions like
- What makes this event a good place for you to be seen?
- What are you trying to accomplish by advertising at our event?
- Is there a particular message you are trying to get across?
- Do you have a particular budget in mind?
Once we came up with an idea on the call I created a personalized sponsorship offering for each company based on what was most important to them. The sales part was easy, or even non-existant, because the sponsor sold themselves on the opportunity.
2 Comments
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Julia,
Quite a nice pivot you have given me with this excellent article on Sponsorship, very helpful and insightful, makes sense in so many ways. I am also a Clockwork person that is just now understanding the incredible support available to us Entrepreneurs and how we collaborate and share ideas. My QBR is still in its infancy although I can feel the momentum and growth that is forming. I have an organic popcorn business and my QBR is fundraising.As I move through what it means and market this to the community, it can fulfill a dual purpose; to help solve the 2 biggest problems in ANY community. Through of all things, organic ready to eat popcorn, we can increase awareness of what our youth and their families are eating, and a sense of urgency that there is a better, healthier way to eat, and it can also be enjoyable, not only now, also for a life changing, healthier way to live. And the other problem, it goes oftentimes hand in hand with the health issue, is the economic needs of the community. We can address and satisfy both these dire needs.
So I thank you for this article, it is spot-on. Sponsorship is marketing, exposure, getting the message out there, and by giving and being generous, good begets good.
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Thanks for the comments, Jon. Yes, sponsorship can be very effective if you understand how it works. For your business, it is going to be really important to understand how your product can be a big part of fundraising and sponsorship. Even if those approaching you about opportunities don’t fully understand sponsorship, you’ll be able to direct them and make sure that the opportunities make sense. If we can help in any way I am happy to chat! See you in the community!